Updated Dec 4, 2024
Angel Commercial Completes $3.9M Sale Of 6,617 SF Industrial Building In Westport, CT
950 Post Road East
$3,900,000
$589/SF
Building Size
6,617 SF
Asset Type
Industrial
Closing
Dec 22, 2023
About this deal
AI
Angel Commercial, LLC has completed the $3.9 million sale of 950 Post Rd. East, a 6,617-square-foot industrial building on 0.67 acres in Westport, Connecticut. The property, formerly occupied by Men's Wearhouse, offers ample space for industrial activities.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $3,900,000
- Size: 6,617 square feet
- Price per Square Foot: $589
- Address: 950 Post Road East, Westport, CT
- Market: Westport, CT
Eva Kornreich of Angel Commercial represented the seller in this transaction. The sale of 950 Post Rd. East showcases the expertise and commitment of Eva Kornreich and the Angel Commercial team in facilitating successful industrial property transactions in the Westport area.
On the Map
$3,900,000
$589/SF
Industrial
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Players
Westport Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93